A prison that a Texas High Plains town hoped would provide a bonanza but instead went broke is going on the auction block.
Littlefield is putting the Bill Clayton Detention Center up for auction Thursday with a $5 million minimum opening bid. Tulsa, Okla.-based Williams & Williams Worldwide Real Estate Auction is handling the bidding. Its throwing in the furniture, linen, computers, kitchen supplies and other equipment contained in the 30-acre complex 36 miles northwest of Lubbock.
Littlefield built the 373-bed, medium-security prison with proceeds from an $11 million bond issue and signed The GEO Group to run it. The hope was for states experiencing prison overcrowding to pay to house its inmates there.
Instead, escapes, corruption and living conditions prompted states to withdraw their inmates, leaving an empty prison.
Thursday, July 28, 2011
Wanna buy a prison? Private prison market bursting leaves town desperate for buyers
One named after a former Texas Speaker of the House, no less? At 11 a.m. today you get your chance. Reports AP: